Golden Flake

Source: Wikipedia, the free encyclopedia.
Golden Flake
Utz Quality Foods
WebsiteGolden Flake Snack Foods

Golden Flake Snack Foods is a producer of potato chips, tortilla chips, corn chips, cheese curls, fried pork skins, and other snack foods in the

Utz Quality Foods
.

History

The Golden Flake brand (originally known as Magic City Foods[2]) was established in the 1920s by Mose Lischkoff and Frank Mosher in a Birmingham, Alabama, grocery store basement.

In 1956, Sloan Bashinsky Sr bought Magic City Foods from his father and uncle. He changed the name to "Golden Flake" a year later and, in 1958 moved the production facility to its current 5-acre site. In 1963 he oversaw the acquisition of Don's Foods, a Nashville, Tennessee-based snack producer and distributor.

NASDAQ under the symbol "GLDC".[4]

One of its most famous spokesmen was

Paul "Bear" Bryant, the head football coach for the Alabama Crimson Tide.[5] For years, the potato chips, along with Coca-Cola, were marketed with the slogan, "'Great Pair' says 'the Bear'".[6][7]

On July 19, 2016, Golden Flake announced that it was being acquired by Utz for $12.00 per share in cash, representing a 71% premium over the average 30-day trading price of $7.00.[8]

References

  1. Decatur, AL. Associated Press
    . September 3, 2007. Retrieved January 7, 2014.
  2. . Retrieved January 7, 2014.
  3. ^ "Golden Flake - Bhamwiki". www.bhamwiki.com. Retrieved 2021-03-15.
  4. ^ Poe, Ryan (July 18, 2013). "Rising costs take bite out of Golden Flake earnings". Birmingham Business Journal. Retrieved January 7, 2014.
  5. Sports Business Daily
    . Retrieved January 7, 2014.
  6. . Retrieved January 7, 2014.
  7. ^ Nicholson, Gilbert (February 27, 2000). "'Great Pair' hoping to bring back 'The Bear'". Birmingham Business Journal. Retrieved January 7, 2014.
  8. ^ Golden Enterprises, Inc. and Utz Quality Foods, Inc. announced that they entered into a definitive merger agreement GoldenFlake.com (Golden Enterprises's website) https://goldenflake.com/golden-enterprises-inc-utz-quality-foods-inc-announced-entered-definitive-merger-agreement/ Archived 2016-09-24 at the Wayback Machine Retrieved September 13, 2016.

External links